Senior Product Manager Salary

Compensation for Senior Product Managers in the United States is generous, with average pay surpassing six figures annually ($116K). Cash earnings for Senior Product Managers — including $25K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $85K to $160K depending on individual performance. The most influential factor affecting pay for this group is the particular firm, though the particular city and years of experience have a (lesser) impact as well. For the most part, Senior Product Managers enjoy their work and report high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The numbers in this rundown were provided by PayScale's salary survey participants.

$80,228 - $146,198
(Median)
$80K
$120K
$150K
MEDIAN: $115,539
10%
50%
90%

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$19.13 - $75.85
(Median)
$19
$58
$76
MEDIAN: $58.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$80,228 - $146,198  
   
Bonus
$2,967 - $24,875  
Profit Sharing
$1,936 - $19,982  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,819 - $160,086  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 3,135
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$19.13 - $75.85  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$2,967 - $24,875  
   
Profit Sharing
$1,936 - $19,982  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,819 - $160,086  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 24
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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Senior Product Managers may experience a large salary bump if they progress into a role such as VP of Product Management. The latter position pays an average of $176K annually. With an annual salary of $137K, Product Management Director is the most common role for Senior Product Managers to subsequently assume on their way up the ladder. Transitioning into a Marketing Director role — which usually pays $79K — is also typical for Senior Product Managers, though less common by comparison.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Dominating the field, Amazon.com Inc, T-Mobile, Inc., Oracle Corp., Cisco Systems Inc, and Express Scripts Incorporated are top firms with a reputation for hiring a great number of Senior Product Managers. Yahoo! Inc. leads the field in terms of pay, with a median salary of $165K. Other big spenders include Google, Inc., eBay Inc., and Cisco Systems Inc, top-paying firms where Senior Product Managers see paychecks nearing $162K, $158K, or $158K.

The smallest paychecks in the field are found at Oracle Corp., where the median salary is a mere $95K, 74 percent lower than the top payer. A few other companies with smaller-than-average paychecks include Express Scripts Incorporated ($100K), T-Mobile, Inc. ($115K), and Amazon.com Inc ($136K).

Popular Skills for Senior Product Manager


Senior Product Managers seem to wield many skills on the job. Most notably, skills in Program Management, Strategy, Strategic Marketing, and Product Marketing are correlated to pay that is above average, with boosts in pay of 6 percent. At the other end of the pay range are skills like Microsoft Excel, Microsoft Office, and Project Management. Those educated in Product Development tend to be well versed in Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Senior Product Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Respondents with less than five years' experience take home $111K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $123K. For Senior Product Managers, 10 to 20 years of experience on the job amounts to an average salary of $128K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $130K.

Pay Difference by Location


California is a land of opportunity for Senior Product Managers. The state is home to the top three paying cities in the field, with Sunnyvale, San Jose, and Mountain View all offering salaries above the national rate. With compensation 12 percent below the national average, Atlanta is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Minneapolis and Denver also lean toward paying below-median salaries (11 percent lower and 10 percent lower, respectively).

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Experience Affects Senior Product Manager Salaries



National Average
$124,000



Skills That Affect Senior Product Manager Salaries




Product Management
up arrow 4%

Product Marketing
up arrow 4%

Strategic Planning
up arrow 3%

Business Strategy
up arrow 2%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

National Average
$124,000

Product Development
up arrow 1%

Marketing Management
up arrow 2%

Business Development
up arrow 2%

Project Management
up arrow 4%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 514 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
10%
5-9 years
31%
10-19 years
47%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 80% employee benefits None: 4%
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